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In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The region's overall level of taxes and government spending are substantially lower than those prevailing in advanced economies. Nevertheless, there are conceptual grounds why...
Persistent link: https://www.econbiz.de/10011432707
Using data from 1980 to 2004, we show that greater fiscal policy volatility acts as a transmission mechanism for the resource curse. Resource exports dominate political and institutional variables as determinants of fiscal policy volatility, with fiscal policy volatility being a significant...
Persistent link: https://www.econbiz.de/10010288484
We estimate the impact of FDI on growth using sectoral data for FDI inflows to China and Vietnam. Previous empirical …
Persistent link: https://www.econbiz.de/10010285316
After more than a decade of economic decline and civil war, Uganda was able to return to economic growth thanks to the policies pursued by Museveni’s National Resistance Movement which elicited considerable donor support. They include macroeconomic reforms, public sector restructuring,...
Persistent link: https://www.econbiz.de/10010330119
the economy. In India, we find that the pandemic and ensuing lockdown policy led to various supply chain disruptions and … to the economy. Fiscal stimulus amounted to a small percentage of the GDP and did not undertake sufficient social … low. The policy package of the pandemic has led to an overall contraction of the Indian economy and widening income …
Persistent link: https://www.econbiz.de/10013286887
stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation …
Persistent link: https://www.econbiz.de/10013373857
constant in the economy with or without a binding constraint on tax revenues as a share of GDP current non-durable public goods … to finance the accumulation of public capital goods may allow the economy to reach a long-run optimal growth path faster …
Persistent link: https://www.econbiz.de/10010285326
This paper examines macroeconomic performance and policies in small Pacific island economies (SPIEs). These economies are highly prone to various supply shocks and face severe obstacles to development arising from their geography and demography. However, the paper contends that their lacklustre...
Persistent link: https://www.econbiz.de/10010284518
This paper extends Meenagh and Minford (2021) to the four waves of infection in the UK by end-2021, using the unique newly available sample-based estimates of infections created by the ONS. These allow us to estimate the e§ects on the Covid hospitalisation and fatality rates of vaccination and...
Persistent link: https://www.econbiz.de/10014480726
Persistent link: https://www.econbiz.de/10014493066